Raymond James Financial Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Posted by Nicole Kennedy on May 28th, 2026

Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) had its price objective hoisted by Raymond James Financial from C$227.00 to C$233.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price target points to a potential upside of 4.06% from the stock’s current price.

Several other research firms also recently issued reports on BMO. Barclays lifted their price target on shares of Bank of Montreal from C$199.00 to C$203.00 and gave the company an “underweight” rating in a research report on Thursday. Desjardins lifted their price target on shares of Bank of Montreal from C$212.00 to C$230.00 and gave the company a “hold” rating in a research report on Thursday. TD lifted their price objective on shares of Bank of Montreal from C$234.00 to C$239.00 and gave the stock a “buy” rating in a report on Thursday. Canadian Imperial Bank of Commerce lifted their price objective on shares of Bank of Montreal from C$211.00 to C$226.00 and gave the stock an “outperformer” rating in a report on Thursday, May 14th. Finally, Scotiabank lifted their price objective on shares of Bank of Montreal from C$208.00 to C$209.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bank of Montreal has a consensus rating of “Hold” and a consensus price target of C$221.04.

Read Our Latest Stock Analysis on Bank of Montreal

Bank of Montreal Stock Performance

Bank of Montreal stock traded down C$1.15 during mid-day trading on Thursday, reaching C$224.38. The stock had a trading volume of 991,485 shares, compared to its average volume of 2,659,322. Bank of Montreal has a fifty-two week low of C$143.35 and a fifty-two week high of C$226.08. The stock’s 50-day simple moving average is C$202.46 and its 200-day simple moving average is C$191.04. The firm has a market capitalization of C$158.17 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25.

Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last announced its quarterly earnings data on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. Bank of Montreal had a return on equity of 10.47% and a net margin of 11.77%.The firm had revenue of C$9.57 billion during the quarter. On average, research analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Bank of Montreal News Summary

Here are the key news stories impacting Bank of Montreal this week:

Positive Sentiment: Bank of Montreal delivered stronger-than-expected quarterly results, with profit rising to C$2.63 billion from C$1.96 billion a year ago and earnings boosted by capital markets and fee revenue. BMO Earnings Beat Estimates on Capital Markets, Fee Revenue
Positive Sentiment: The bank raised its quarterly dividend, which signals management confidence in capital strength and cash generation. BMO raises dividend, reports $2.63B Q2 profit, up from $1.96B a year ago
Positive Sentiment: BMO reported stronger earnings coverage ratios for debt and preferred equity, suggesting a healthier cushion for obligations and preferred shareholders. Bank of Montreal Reports Stronger Earnings Coverage Ratios for Debt and Preferred Equity
Positive Sentiment: The company also said its updated earnings coverage ratios for the year ended April 30, 2026 improved, reinforcing balance-sheet stability. Bank of Montreal Reports Stronger Earnings Coverage Ratios for Year to April 30, 2026
Neutral Sentiment: BMO filed its Q2 2026 earnings release, financial statements, MD&A, and related control certifications, which are routine disclosure updates and not new operational surprises. Bank of Montreal Files Q2 2026 Earnings Release for Public Access
Neutral Sentiment: Its CFO and CEO certified the accuracy and controls of the latest quarterly report, a standard governance step that should not materially affect the stock. Bank of Montreal CFO Certifies Accuracy of Latest Quarterly Report
Neutral Sentiment: BMO updated its covered bond and note programs and confirmed upcoming dividend payment dates, which are administrative capital-markets actions. Bank of Montreal Updates $50 Billion Global Covered Bond Programme
Neutral Sentiment: One Seeking Alpha piece argues the shares may be overvalued after the earnings run-up, which could temper enthusiasm despite the strong quarter. Bank of Montreal: Looking At Overvaluation And Q2

About Bank of Montreal

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Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.